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Composite ind. CHANGE TOPIC

Composite industry news, April 2019

Airbond, which is a UK-based fiber splicing company, has reportedly won the Queen’s Award for Innovation for its new splicing technology.

Chemicals giant SABIC says that it received a net profit income of SR 3.41 billion in Q1 of 2019.

Hexcel Corporation has reported a sales increase of almost 13% for Q1 2019.

Glass fiber specialist Owens Corning has reported consolidated net sales of US$1.7 billion in first-quarter 2019, a slight decrease of 1% versus 2018.

According to a new research report by Global Market Insights, the market for long fiber thermoplastics (LFTs) could surpass US$3 billion by 2025.

Gurit Italy PET Recycling has signed an agreement to acquire a polyethylene terephthalate (PET) recycling production facility.

Nouryon has announced the 13 finalists for the 2019 edition of its Imagine Chemistry collaborative innovation challenge.

Glass fiber specialist Owens Corning has been recognized by the Ethisphere Institute as one of the world’s most ethical companies in 2019.

Solvay says that has invested in an advanced materials fund management China-based Longwater Investment.

Dianne Walker, non-executive director of Scott Bader, has won a non-executive director award (NED).

Trade organization Composites UK has appointed Ben Wilson as chair for 2019–2021.

Covestro says it will showcase its range of textiles and fibers at Techtextil, taking place in Frankfurt, Germany from 14 to 17 May 2019.

Prodrive Composites, which makes parts for the automotive and aerospace industries, will present at sustainable composites conference Ecocomp 2019.

Sabic has named the new members of its board of directors until April 2022.

Gurit says that its Q1 net sales grew 54.9% to CHF 142.7 million from Q1 2018 figures.

Solvay and Airborne plan to jointly develop automated processing solutions for the industrialization and high volume use of composite materials.

Gurit reports that Angelo Quabba, current CFO, will leave the company by September 2019.

International science company Royal DSM says that it has set reduction targets for its greenhouse gas emissions.

TenCate Advanced Composites, part of the Toray Group, has change its name to Toray Advanced Composites.

Evonik says that it has signed an agreement to sell its methacrylates business to private equity firm Advent International for €3 billion.

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